Techmeme
July 23, 2024, 8:00 PM
 

July 23, 2024

7:55 PM  •
Kyle Wiggers / TechCrunch:  Level AI, maker of AI-powered tools to automate customer service tasks, raised a $39.4M Series C led by Adams Street Partners, taking its total raised to $73.1M
7:45 PM  •
Reuters:  Sources: Samsung's HBM3 chips have been cleared by Nvidia for use in its H20 GPU, developed for the Chinese market; HBM3E chips are still being tested
6:45 PM  •
Brian Heater / TechCrunch:  Mytra, a startup building autonomous robots for warehouses that can move loads up to 3,000 pounds, launches from stealth with $78M in total funding
6:35 PM  •
Jennifer Elias / CNBC:  Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M, and announces a “multiyear” investment of $5B in Waymo
6:20 PM  •
Bloomberg:  US spot ether ETFs hit over $1B in trading volume across nine funds, a strong debut, but far from the $4.6B traded during the spot bitcoin ETFs debut in January
6:05 PM  •
The Information:  Internal messages: Meta staff complained about Threads' algorithm limiting political posts, after the For You page was slow to show news of Biden dropping out
5:50 PM  •
Bloomberg:  Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies
5:20 PM  •
Benjamin S. Weiss / Courthouse News Service:  US Senate Majority Leader Chuck Schumer says the Senate will take up the Kids Online Safety Act this week, signaling there's enough support among his colleagues
4:40 PM  •
Jennifer Elias / CNBC:  Google Cloud Q2 revenue grew 29% YoY to $10.35B, vs. $10.2B est.; Cloud exceeded $10B in quarterly revenues and $1B in operating profit for the first time
4:30 PM  •
Alex Weprin / The Hollywood Reporter:  YouTube Q2 ad revenue grew 13% YoY to $8.66B, vs. $8.93B est.; Google's subscriptions, platforms, and devices unit that includes YouTube TV had revenue of $9.3B
4:16 PM  •
Stephanie Palazzolo / The Information:  Source: OpenAI has reassigned Aleksander Mądry, the head of its Preparedness AI safety team, to a role within its research organization focusing on reasoning
4:07 PM  •
Alphabet:  Alphabet Q2: revenue of $84.7B, up 14% YoY, net income of $23.6B, up 29% YoY, Search revenue of $48.5B, up from $42.6B YoY, and headcount down 1% to 179,582
4:05 PM  •
Chris Welch / The Verge:  Daniel Ek says Spotify is working on a deluxe Spotify tier, around a $17-$18 price point, that has “a lot more control, a lot higher quality across the board”
3:50 PM  •
The Hollywood Reporter:  Comcast reports Peacock Q2 revenue up 28% YoY to $1B, and a $348M loss, down from $651M in Q2 2023; paying subs were up 38% YoY to 33M but down from 33.5M in Q1
2:30 PM  •
Kyle Wiggers / TechCrunch:  Harvey, which is building an AI-powered “copilot” for lawyers, raised a $100M Series C led by GV that values it at $1.5B and brings its total funding to $206M
2:00 PM  •
Danny Nelson / CoinDesk:  dYdX says v3, an older version of its DeFi crypto exchange that is reportedly for sale and averages ~$1.5B/week in derivatives trading, “has been compromised”
1:25 PM  •
Brian Merchant / Wired:  A staffer at Activision Blizzard, which had layoffs in 2024 affecting many 2D artists, says some remaining artists were “forced to use AI to aid in their work”
1:15 PM  •
Mark Zuckerberg / Meta:  Mark Zuckerberg argues that “open source AI” is the path forward, closed models are vulnerable to vendor lock-in and state-backed espionage, and more
12:50 PM  •
Mariella Moon / Engadget:  Meta plans to roll out its AI assistant to the Quest in August, limited to US and Canada users in experimental mode, after debuting on the Ray-Ban smart glasses
12:25 PM  •
Suzanne Smalley / The Record:  The US FTC seeks info from Mastercard, Accenture, and six other companies related to their “surveillance pricing products” that use personal data, AI, and more
12:15 PM  •
Financial Times:  Meta VP Rob Sherman confirms a report that Meta received an EU request to pause future AI model training on data in the EU, and says the EU may get left behind
12:05 PM  •
Chris Morris / Fortune:  Netflix last week reported it is developing 80 games, most “interactive narrative games” based on its IP, and will debut one a month; Netflix offers 100+ games
11:52 AM  •
The Information:  Sources: Apple is working on a foldable, clamshell-design iPhone that could debut as soon as 2026, and reached out to Asian component suppliers in recent months
11:12 AM  •
Bloomberg:  Meta debuts Llama 3.1 405B, the “first frontier-level open source AI model”, as well as new Llama 3.1 70B and 8B models, and says it's working on Llama 4
9:45 AM  •
Ivan Mehta / TechCrunch:  Posh, an iOS app that offers a TikTok-like vertical feed of events, raised a $22M Series A, taking its total funding to $31M, and claims 2M registered users
9:30 AM  •
Jess Weatherbed / The Verge:  Adobe rolls out new Illustrator features like Generative Shape Fill, powered by its latest Firefly Vector model now in beta, and new and updated Photoshop tools
8:25 AM  •
Mary Ann Azevedo / TechCrunch:  Vancouver-based Clio, which makes cloud tools to help law firms run more efficiently, raised a $900M Series F at a $3B valuation, up from $1.6B in April 2021
8:10 AM  •
Todd Spangler / Variety:  Amazon begins rolling out a new UI for Prime Video to help distinguish content included with Prime, update its navigation bar, manage subscriptions, and more
7:30 AM  •
Andy Greenberg / Wired:  Dragos details a sample of Russia-linked malware used in a hack in January 2024 to target a heating utility in Lviv, Ukraine, cutting service to 600 buildings
7:15 AM  •
Paula Doenecke / Bloomberg:  Swiss computer hardware maker Logitech reports Q2 revenue up 12% YoY to $4.34B and expects 2024 sales up 1% to 3%, up from 0% to 2% previously forecast
7:00 AM  •
Neal E. Boudette / New York Times:  GM says Cruise restarted test operations in three US cities after a vehicle dragged a pedestrian in October 2023, and suspends developing its Cruise Origin cab
6:50 AM  •
Michael Peel / Financial Times:  Google Research and others detail NeuralGCM, a model combining ML and weather forecasting tools that produced a breakthrough in accurate long-range predictions
6:40 AM  •
David Shepardson / Reuters:  A five-month FCC investigation finds AT&T's February 2024 outage that lasted 12+ hours blocked 92M+ voice calls and prevented 25K+ attempts to reach 911
6:30 AM  •
Samuel Stolton / Bloomberg:  The EU opens an in-depth investigation into Delivery Hero and its Spanish subsidiary Glovo to determine if they may have illegally colluded with each other
6:20 AM  •
Ashley Carman / Bloomberg:  Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+
6:05 AM  •
Vittoria Elliott / Wired:  Mozilla and AI Forensics: TikTok Lite, launched in 2018 and aimed at poorer markets, leaves AI-generated content unlabeled and lacks other similar safeguards
5:55 AM  •
Abner Li / 9to5Google:  Leaked images show the upcoming “Google TV Streamer”, a set-top box with a pill-shaped design, to replace the dongle form factor, and an updated, longer remote
5:45 AM  •
Reuters:  India plans to cut import duty on mobile phones and some key parts from 20% to 15%, a move that will directly benefit Apple, as part of its 2024/2025 budget
5:35 AM  •
Lynn Doan / Bloomberg:  NXP Semiconductors reports Q2 revenue down 5% YoY to $3.13B, automotive chip sales down 7% YoY, and forecasts Q3 revenue below $3.35B est.; NXPI drops 9%+
4:15 AM  •
Stu Woo / Wall Street Journal:  Scientists hunt for clues about China's supercomputing progress as Chinese scientists turn secretive and stop participating in the Top500, after US sanctions
2:00 AM  •
Hannah Murphy / Financial Times:  A profile of Nick Pickles, who has recently been promoted to X's VP of global affairs; sources say Pickles has become the right-hand man to CEO Linda Yaccarino
1:15 AM  •
Nikkei Asia:  Malaysia plans to require social media and messaging apps to register for a renewable license starting late 2024; Singapore asks online platforms to curb scams
12:50 AM  •
Bloomberg:  Sources: TikTok plans to launch TikTok Shop in Spain and Ireland as early as October; the rollout will be smaller than previously envisioned amid EU scrutiny

July 22, 2024

11:20 PM  •
Bloomberg:  An investigation shows how pedophiles groom children using Roblox, a problem exacerbated by Roblox not collecting any personal information beyond a user's age
10:40 PM  •
CNBC:  Israeli cybersecurity startup Wiz walks away from Google's $23B acquisition offer; Wiz CEO Assaf Rappaport tells staff that Wiz will pursue an IPO as planned
10:10 PM  •
Dana Mattioli / Wall Street Journal:  Sources: Amazon lost $25B+ on its devices business between 2017 and 2021, and its plan to sell hardware at a lower price and make money elsewhere hasn't worked
9:10 PM  •
Bloomberg:  Wa'ed Ventures, the $500M venture arm of Saudi Aramco, made its first investment in South Korea, putting $15M in AI chipmaker Rebellions
8:05 PM  •
Reuters:  FlightAware: Reeling from CrowdStrike-related outages, Delta has canceled 5,000+ flights since Friday, including 1,159 flights on Monday and 400+ on Tuesday
7:55 PM  •
Ian King / Bloomberg:  AMD President Victor Peng, who rejoined the chipmaker in 2022 following its acquisition of Xilinx, where he served as CEO, plans to retire on August 30, 2024
7:15 PM  •
Sean O'Kane / TechCrunch:  Monarch Tractor, which makes autonomous electric tractors, raised a $133M Series C co-led by Astanor and HH-CTBC Partnership at a $500M+ valuation
5:40 PM  •
Paul Alcorn / Tom's Hardware:  Intel says “elevated operating voltage” is causing “instability issues” in some Core 13th and 14th Gen desktop processors, and plans to release a fix in August
5:25 PM  •
Sarah Wynn / The Block:  The US SEC approves spot ether ETFs from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy, which can now start trading
5:05 PM  •
Larry Dignan / Constellation Research:  SAP reports Q2 cloud revenue up 25% YoY to €4.15B, revenue up 10% YoY to €8.29B, a €918M net profit, and says a “restructuring” will affect ~10,000 jobs
4:15 PM  •
Jessica Mathews / Fortune:  A rare look inside Iconiq Growth two months after the firm closed a $5.75B fund, its largest ever and 42% larger than its previous fund
3:30 PM  •
Digiday:  Google says it won't be “deprecating third-party cookies” in Chrome and will instead keep working on “privacy-preserving alternatives” via Privacy Sandbox APIs
3:05 PM  •
Bill Toulas / BleepingComputer:  A Telegram for Android zero-day, patched on July 11, let attackers send malicious Android APK payloads as video files; the exploit was for sale from June 6
1:50 PM  •
Paul Alcorn / Tom's Hardware:  An interview with AMD's Mike Clark, who has worked on AMD's CPU architectures for 31 years and led Zen development through all of its five generations
12:25 PM  •
Wes Davis / The Verge:  The EU tells Meta its “pay or consent” model for Facebook and Instagram may violate consumer protection laws, giving Meta until September 1 to propose changes
9:40 AM  •
Ingrid Lunden / TechCrunch:  Tel Aviv-based enterprise identity management startup Linx emerges from stealth with $27M co-led by Index and Cyberstarts, after raising $6M led by Cyberstarts
9:25 AM  •
Sahil Patel / The Information:  Reddit COO Jen Wong says the company has revenue sharing deals with the NFL, the NBA, MLB, and others to get video and other content, hoping to draw advertisers
9:10 AM  •
Bloomberg:  Toronto-based AI startup Cohere raised a $500M Series D led by Canadian pension fund PSP at a $5.5B valuation, after raising $270M at a $2.2B valuation in 2023
6:50 AM  •
Bloomberg:  China removes sanctions on US communications company Viasat, saying the situation had changed, without elaborating, a rare reversal for the Chinese government
6:30 AM  •
Rebecca Spear / Windows Central:  Asus ROG Ally X review: easier to grip, comfortable to hold, nice black casing, games run smoothly, and improved, but not great, battery life, and no touchpads
6:10 AM  •
Financial Times:  How Japan lured some AI companies with copyright laws that critics say allow using copyrighted images and other materials to train AI models, alarming creators
5:55 AM  •
Julian Chokkattu / Wired:  Nothing's CMF Phone 1 review: excellent performance, camera, battery, display, and software, far above rival $199 phones, but no NFC and spotty US band support
5:40 AM  •
Ben Schoon / 9to5Google:  Samsung tells US users that Samsung Messages will no longer come pre-installed on Galaxy phones, starting with the Flip6 and Fold6, in favor of Google Messages
4:10 AM  •
Sarah E. Needleman / Wall Street Journal:  How EA used AI to scan ~11K players' photos to create 3D avatars for its college football game; the NCAA first let players to sell their likeness rights in 2021
2:25 AM  •
Paul Sawers / TechCrunch:  An interview with Arkady Volozh, CEO of Nebius, formerly Yandex NV, on selling its Russian assets and pivoting to become a full-stack AI infrastructure provider
12:45 AM  •
Fanny Potkin / Reuters:  Sources: Nvidia is working with Inspur to launch and distribute “B20”, a new flagship AI chip for China that would be compatible with current US export controls

July 21, 2024

10:10 PM  •
Reuters:  Reeling from CrowdStrike-related outages, Delta has canceled 5,000+ flights, including 1,384 on Sunday and 700+ for Monday so far, according to FlightAware
7:35 PM  •
Lucas Shaw / Bloomberg:  Sources: Apple's Eddy Cue has pushed TV+ studio chiefs to exert more control over budgets, hoping to change Apple's reputation as the biggest spender in town
4:35 PM  •
Jason Schreier / Bloomberg:  How indie game developer Terrible Posture Games avoided bankruptcy after an ~$800K investment from an unlikely source: Nerd Ninjas, another indie developer
12:40 PM  •
Manish Singh / TechCrunch:  Indian crypto exchange WazirX “temporarily” pauses trading activities days after suspending customer withdrawals following its ~$230M loss in a security breach
10:30 AM  •
Mercedes Ruehl / Financial Times:  Malaysia's Johor state is attracting billions of dollars as tech giants take advantage of cheaper land and more abundant energy to build data centers
6:05 AM  •
Matilda Battersby / The Bookseller:  Academics say publisher Taylor & Francis hadn't told them about selling access to authors' research as part of a $10M+ Microsoft AI deal, nor let them opt out
2:00 AM  •
OCCRP:  An investigation details how scammers are using crypto ATMs to commit fraud; the FBI says US losses from scams carried out via crypto ATMs was $120M+ in 2023
1:20 AM  •
Vikas Dhoot / The Hindu:  The officers of India's largest retirement fund, the EPFO, warn the organization's crash-prone IT systems require immediate attention of the Union Government
12:40 AM  •
Wall Street Journal:  Microsoft says it cannot wall off its OS due to a 2009 deal with the EC to give security software makers the same level of access to Windows that Microsoft gets

July 20, 2024

10:00 PM  •
Financial Times:  OpenSecrets: ~80% of donations from internet companies have gone to Democrats so far this US election cycle, down from 90% in 2020, as support for Trump grows
6:15 PM  •
Sultan Quadri / Semafor:  Starlink faces regulatory obstacles in Africa, as countries worry about losing control over content and the company providing services without paying taxes
3:45 PM  •
Dominic-Madori Davis / TechCrunch:  Some Black founders and investors say they feel betrayed by Ben Horowitz's support for Trump, as he has always been seen as an ally to the Black community
2:50 PM  •
Washington Post:  One defective CrowdStrike update for Windows causing an outage globally resurfaces concerns about Microsoft's monopoly in government and enterprise IT systems
2:00 PM  •
Steven Levy / Wired:  A look at Marc Andreessen and Ben Horowitz's self-interested Trump support, including the “final straw”, a Biden proposal to tax unrealized capital gains at 25%
12:30 PM  •
David Weston / The Official Microsoft Blog:  Microsoft estimates that CrowdStrike's update affected 8.5M Windows devices, or less than 1% of all Windows machines
11:15 AM  •
David E. Sanger / New York Times:  The CrowdStrike debacle may have accidentally provided cybercriminals and countries a road map to using security software to disrupt US critical infrastructure
9:40 AM  •
CrowdStrike:  CrowdStrike says a Falcon sensor configuration update on Windows triggered a logic error that resulted in a system crash and BSOD, remediated after 78 minutes
6:35 AM  •
Tim Culpan / Bloomberg:  Trump's comments on Taiwan hollowing out the US chip industry are incorrect, and risks opening up a fissure for China to exploit and push its own tech sector
2:30 AM  •
Kelsey Piper / Vox:  Q&A with California state Senator Scott Wiener on his AI safety bill, addressing AI risks and liability concerns, critiques from the open source community, more
12:45 AM  •
Emma Beavins / FierceHealthcare:  Healthcare payments infrastructure provider Commure plans to acquire and take private Augmedix, which develops AI ambient clinical documentation tech, for $139M
12:15 AM  •
Bloomberg:  TSMC says that its HPC group, which includes AI and server chips, accounted for 52% of wafer revenue in Q2, the first time it made up the majority of sales

July 19, 2024

11:50 PM  •
Chris Metinko / Crunchbase News:  Venture funding to cybersecurity startups grew to $4.4B in Q2 2024, up 144% YoY; funding in H1 2024 was $7.1B, up from $4.7B in H1 2023
8:50 PM  •
Damien Wilde / 9to5Google:  Xiaomi unveils the Mix Fold 4, starting at ~$1,237, and the Mix Flip, its first flip foldable, with a 4.01" cover display, starting at ~$825, available in China
8:15 PM  •
Dean Takahashi / VentureBeat:  Over 200 Bethesda Game Studios workers unionize with the CWA, forming the first “wall-to-wall” union at a Microsoft game studio; Microsoft recognized the union
7:30 PM  •
Jonathan Stempel / Reuters:  Oracle agrees to pay $115M to settle a lawsuit accusing it of invading people's privacy by collecting their personal information and selling it to third parties
6:55 PM  •
Alex Heath / The Verge:  Sources: Google recently approached EssilorLuxottica's leadership about putting its Gemini AI assistant in future smart glasses
6:30 PM  •
Robert McMillan / Wall Street Journal:  A profile of CrowdStrike, founded in 2011 and used by 300 companies in the Fortune 500; Gartner: CrowdStrike has ~15% of the global security software market
4:45 PM  •
Todd Spangler / Variety:  Disney announces that Safra Catz, CEO of Oracle, is departing its board of directors after six years
4:40 PM  •
Ryan Browne / CNBC:  CrowdStrike shares close down 11.1% after a software update caused a major outage; its shares had previously risen nearly 118% in the last 12 months
4:20 PM  •
New York Times:  Michael Moritz urges Biden to drop out, joining other tech leaders such as Reed Hastings and the Zynga co-founder Mark Pincus in calling for Biden to step aside
3:55 PM  •
Joseph Cox / 404 Media:  The UK and US announce the arrest of a 17-year-old boy from Walsall, UK, suspected of being connected to the ransomware attack against MGM Resorts in 2023
2:40 PM  •
Reuters:  Nigeria fines Meta $220M after investigations showed data sharing on Facebook and WhatsApp violated local consumer, data protection, and privacy laws
2:25 PM  •
Cecilia D'Anastasio / Bloomberg:  Amazon's Twitch reinstates Donald Trump's account three years after he was banned, as “there is value in hearing from presidential nominees directly”
2:20 PM  •
Bloomberg:  Sources: Magic Leap cut ~75 jobs, including its entire sales and marketing units, and told staffers it's pivoting from selling headsets to licensing its tech
1:45 PM  •
Kylie Robison / The Verge:  OpenAI's GPT-4o mini is its first model to use a safety technique called “instruction hierarchy” to prevent misuse and unauthorized instructions
12:15 PM  •
Kevin Roose / New York Times:  A study of 14K domains used in the C4, RefinedWeb, and Dolma datasets finds a dramatic drop in content available to train AI models as publishers tighten access
11:30 AM  •
Tom Warren / The Verge:  A workaround to fix the BSOD caused by CrowdStrike's faulty update involves booting Windows in Safe Mode and deleting the security firm's “C-00000291*.sys” file
11:19 AM  •
Brady Dale / Axios:  Messari CEO Ryan Selkis says he's stepping down after a series of controversial political X posts, and Chief Revenue Officer Eric Turner will become interim CEO
10:40 AM  •
Emma Roth / The Verge:  The outage appears to have been caused by CrowdStrike pushing a faulty update to its Falcon software that causes Windows machines to get stuck in a boot loop
9:55 AM  •
Hadlee Simons / Android Authority:  Samsung says it has “temporarily” stopped Galaxy Buds 3 Pro deliveries to retailers, after some early owners reported quality control issues with the ear tips
9:30 AM  •
New York Times:  Experts say CrowdStrike's fix requires deleting a specific file and that cannot be automated at scale, meaning outages could persist for longer than expected
8:50 AM  •
Bloomberg:  CrowdStrike and other endpoint security tools require access to the core of OSes, giving them the ability to disrupt the very systems they're trying to protect
7:45 AM  •
Bloomberg:  In an interview, Mark Zuckerberg says Trump's immediate reaction after being shot was “badass” and inspiring, but declines to endorse either Trump or Biden
7:05 AM  •
New York Times:  A profile of Carlos Espina, who has 9.4M TikTok followers, posts in Spanish about immigration and politics, and whom the White House treats as a broadcaster
6:40 AM  •
Simon Sharwood / The Register:  Microsoft says it fixed an Azure configuration issue behind a Microsoft 365 outage, and “all previously impacted Microsoft 365 apps and services have recovered”
6:10 AM  •
Reuters:  Netflix added 8.05M subscribers in Q2, vs. 5M est., as it benefited from its crackdown on password sharing and popular titles like Bridgerton and Baby Reindeer
5:56 AM  •
George Kurtz / @george_kurtz:  CrowdStrike CEO George Kurtz says “the issue has been identified, isolated and a fix has been deployed”, and CrowdStrike is working with its impacted customers
4:40 AM  •
Daryna Antoniuk / The Record:  Bangladesh orders a nationwide shutdown of its mobile internet amid student protests that killed dozens of people to “ensure the security of citizens”
4:00 AM  •
Nikkei Asia:  Huawei sues MediaTek in China over alleged infringement of its intellectual property patents; filing: MediaTek says the lawsuit would have no significant impact
3:34 AM  •
Tom Warren / The Verge:  BSODs hit thousands of Windows PCs due to “a defect” in an update from CrowdStrike, taking banks, airlines, and more businesses offline; Microsoft is aware
12:20 AM  •
Shashank Pathak / Entrackr:  Google cuts Maps API pricing for Indian developers by up to 70% and now accepts payments in rupee, after Ola offered one-year free developer access to Ola Maps

July 18, 2024

11:50 PM  •
Nick Baker / CoinDesk:  A look at Messari co-founder Ryan Selkis' tweets this week calling for war and sending immigrants back, prompting Messari's leadership to tell him to cool it
11:05 PM  •
Bianca Bharti / BetaKit:  Montréal-based Planned, which offers corporate events and travel planning tools, raised a CAD$35M Series B led by Drive Capital
10:45 PM  •
Mary Ann Azevedo / TechCrunch:  Brazil-based Matera, which provides instant payment and QR code payment software to financial institutions, raised $100M from Warburg Pincus to expand in the US
10:30 PM  •
Jay Peters / The Verge:  Xbox says an outage affecting Xbox Store and subscriptions is now resolved; the outage lasted for about five hours
9:45 PM  •
Bloomberg:  Sources: Cellebrite gave the FBI unreleased tech to access the Trump shooter's phone, a “newer Samsung model”, after the FBI's first attempt to crack it failed

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